Richard D. Fain

Richard D. Fain is Chair of the Board of the Royal Caribbean Group (NYSE: RCL), a position he has held since 1988 when he was also named Chief Executive Officer of the company.

On January 3, 2022, Fain stepped down as Chief Executive Officer of Royal Caribbean Group—with Jason Liberty succeeding him as CEO in addition to joining the Board of the Directors. The moves, part of a succession planning process developed by Fain and the Board of Directors, were announced in November 2021. In announcing his decision to step down as CEO, Fain said that with most of the company’s ships operating, a full return to cruising approaching, and Royal Caribbean Group’s brands under the leadership of exceptional CEOs, it was the right time to make the transition.

With a career spanning more than 33 years at the company, Fain’s innovations have helped shape the modern cruise industry. His storied career is defined by the innovations he championed involving every aspect of cruising – from revolutionary ship design to major sustainability efforts to the technologies and ground-breaking features that enriched the onboard experience for millions of guests.

Under his leadership, the Royal Caribbean Group introduced new and distinctive ship categories, with a diverse range of amenities and experiences that transformed the nature of cruising. These transformational ships include Royal Caribbean International's Sovereign, Voyager, and Oasis classes; Celebrity Cruises' Solstice and Edge classes; the highly anticipated Royal Caribbean International Icon class to be introduced in 2023; and Silversea Cruises' "Project Evolution" that will become the industry's first hybrid powered ship when introduced in 2023. Fain, working with Liberty, will continue his involvement in the Group's ship construction program.

Fain joined Royal Caribbean in 1979 as an outside director on the company’s Board of Directors. Prior to Royal Caribbean, he spent 13 years as treasurer, Chief Financial Officer and Joint Managing Director of Gotaas-Larsen Shipping Corp., a London-based owner and operator of cargo ships.

Fain is a member of the Global Executive Committee of the Cruise Lines International Association. He also serves on the University of Miami Board of Trustees and the Uhealth Board of Directors. He is former chairman of the University of Miami Board of Trustees, the Miami Business Forum, the Greater Miami Convention and Visitors Bureau, and the United Way of Miami-Dade.

Fain earned his bachelor’s degree in economics from the University of California at Berkeley and an MBA from the Wharton School of Business at the University of Pennsylvania. He and his wife, Colleen, have four children and six grandchildren.